Broker Owns 10% Of Amsted

March 04, 1986

Bear, Stearns & Co., a New York securities firm, said it holds a 10.3 percent stake in Chicago-based Amsted Industries Inc. In a filing with the SEC, Bear Stearns said it purchased the shares to participate in Amsted`s exchange offer. An Amsted management group and the company`s employee stock ownership plan to acquire the company through a leveraged buyout.